Golden Matrix achieves record quarterly revenues in Q1 2024, ending January 31, with a total of $11.84m, marking a 10% increase from Q1 2023.
Net income surged to $74,505 from the previous year’s loss of $443,521. Adjusted EBITDA stood at $1.19m.
Golden Matrix CEO Brian Goodman, said:
We are exceptionally pleased with the company’s performance in Q1 to kick-off the new fiscal year. We achieved positive GAAP earnings and adjusted EBITDA of almost $1.2m, we set multiple records, delivering our highest ever quarterly results for revenue, total assets, shareholder equity and cash-on-hand.
The company is well-positioned for continued growth within its B2B and B2C divisions. We continue to make significant progress towards closing the pending MeridianBet acquisition and look forward to working to boost top-line growth and profitability once these two world class businesses have been combined.
